Sunday, September 11, 2011

One of Congress’ least appealing figures, the morals-and-scruples challenged Barney Frank, (D-MA) and reigning People’s Director of Sleaze in absentia from the Halls of Hades, is back in the news once again with his usual tirade against Republicans; as if the Democrats had all the correct answers for our national problems. Or ANY!

The current case of Frank’s fulmination against the Congressional Republicans stems from the officially called Bank-reform Act more commonly known as Dodd-Frank and as John Ransom of Townline Finance Daily on September 03, 2011 states, “can be called a lot of things, but it’s the furthest away from bank-reform that legislation can get. Dodd-Frank will accomplish a lot of things too, but few of them will be good for America.”

Ransom states that “The prime GOP demand is that Congress gut Frank’s perverted bank-reform bill known as Dodd-Frank.” Ramson further quotes Stephen Lewis, Chief Economist at Monument Securities in London “it is already seen to be failing as a means of preventing the revival of market practices that led to the 2007-08 crisis.”

Ransom also quotes Ted Price of Canada’s Office of Financial Institutions as saying, “I think we have seen this movie before but the amazing thing is we continue to expect a different ending.”..........................MORE.....